Topic: [Seeking partners] Looking for altcoin funds to expand altdice.net - Special T&C - page 3. (Read 5102 times)

Thanks a lot !

Well, since I can't promise a fixed % during a period of time, it'll be done this way :

During the whole time of the loan, I give out 50% of the profits to investors. The profits are not repayments for the loan. This is the profit you make from loaning your coins. The remaining 50% will be used to expand the game, repay the loan and increase stakes.

After repayment of the principal, you won't receive profits anymore. See this like an easy way to get some extra coins in the long run.
I will give you back any amount upon request of that amount. I can always lower the stakes to never run out of coins.

There is no required amount, stakes are calculated accordingly to the wallet balance. With a high balance we can have high stakes, and therefore higher profits.

Here is my FXC address : PYY6rvCpSo2piviCCa8jfP84XPbSWyhHsL

I will keep you updated about how it goes on. You won't be disapointed.

Ready to make an initial loan of 1K PXC for Altdice.net. Your conditions?

Yeah, this is too bad. The IFC network was undergoing some troubles and it was been suspended on cryptsy. It should be back on anytime now.
I did this loan request because I can implement easily any coin, and when I will have access to these funds I'm going to add one more.
I can add another one if someone lends me some funds, I'll just expand later.
Or I can just wait and see. And grow slowly. This is not so bad also. If anyone is interested to invest, let me know. Rather this way.

Why choose this deal ?
Because there's a source of income.
Because I don't say I'll give you X% of the money you lend everyweek or so, because I just don't know if I can afford it.
I speak in terms of things I can control. If the profit if the equivalent or 2 BTC or 5, I can always give 50% of the profit.
But I can't give 3 BTC if I earn only 2.

I can't see IFC in the cryptsy exchange

I didn't see it that way.
I have the fund (in IFC, have about 500 millions IFC in the game). I have 400millions IFC stuck at cryptsy. This will be enough to run a dice game with another coin.
I just want to expand faster. This is why loans are made, right ? :-) Investors have funds, I have a way to make profits. Some might be interested.

With the bet limits I set, it is almost impossible to get bust. The players won't hit the 0.0015% game 10 times in a row, and will lose several times if they play 500 bets on the 95% game.
I think 10 BTC at current rate is the minimum value that can be put in such a dice game.

Anyway, the offer is still running. I will update this thread in any case. :-)

Thanks for reading !

Well, you should not be running a business if you have no capital for unseen expenses/gambling losses.   

Good luck.

Hi Vod,

Yes, I understand this.
The only issue is that I have nothing to give out. Except show what I say is true, and slowly build my trust.
If you have any idea of what I can provide, please tell me.

I am dreaming about a multi altcoin dice game.

But we will do it slowly, one in the same time.
Maybe when 2 or 3 loans are successfully repaid and shown that these were good investments, people will be enthusiastic about lending coins to me.

It's not the time yet.

Anyway I can send some IFC or ZET to anyone that want to try the dice game and check how it runs before investing in it.

Yogg,

Since you are new here and have no reputation, most (if not all) borrowers are going to want collateral.

You want 10btc?  You'll need to send something that can easily be sold for $1,500 to the lender.

Are you prepared to do this?

EDIT WITH CURRENT LOANS (UPDATED 01.07.14) :

Conditions :

You provide some altcoins (the amount is up to you, but there's a minimum of 1 BTC worth of the altcoin in order to provide interesting bet limits and higher profits in return)
We use these funds to start a game. (This is the principal).
These coins are still yours. You can claim them back anytime.
Over time, I will repay that principal to you.

During the time it takes to repay you, you will receive 50% of the game profits made with the altcoin you provided us.
A report is done at the end of every month about the game performances, and profits are paid at that time.
Of course, profits doesn't count as principal repayments.

I can't promise there will be profits every months, because of the uncertainty in the type of business we're involved.
Once the principal is repaid, you won't receive any more profits.
You can see this as a cool way to get extra coins over time.

About Altdice :

Running successfully since August 2013. 80% of the coins are kept in cold wallets.
Altdice is not going anywhere.

We have now released our new website ! You can check it at http://altdice.net

Many thanks to everyone that trusted me !

10.31.13 - First PXC loan : 1k PXC from ghostlander ( http://explorer.phoenixcoin.org/tx/bb3b4bf6533209685df41acbc9fb22f1156cdf6e1038fc61551a8e6d653f06be )
http://pxc.altdice.net is now live on 31.10.2013 - 0% of initial loan repaid - 0 PXC profit paid to investor.
11.09.13 - Loan repaid : 1,1k PXC to ghostlander ( http://explorer.phoenixcoin.org/tx/715f48b1eddb346424a862151c26d0fb6d3a445f88d82d95b1b1a763d9188ac2 )
11.09.13 - Second PXC loan : 50k PXC from ghostlander ( t710ea2085bd0e95a8783e21e154e066d664671efe7ea4eb998dda4b2e2600eae )
Stakes are increased. Players can win over 10k PXC per bet.
29.01.14 - PXC loan 50% repaid (25000PXC) + 30863.34 PXC profit paid. ( http://explorer.phoenixcoin.org/tx/15f2e812800acfa574e92e8a628721dc230db29849e5c0b524f2809ac352d1b6 )
31.03.14 - PXC loan 50% repaid (25000PXC) + 12173.47 PXC profit paid ( http://explorer.phoenixcoin.org/tx/2b8a61adb4d48088036bbfd978bc7e7a51a153497cbd8e032421426a1f15b0dd )
The PXC loan is now closed and fully repaid.

26.04.14 - We started a new partnership with the Legendarycoin team. The amount is 3000 LGD. A game has been setup ( http://lgd.altdice.net )
28.04.14 - 3 new partnerships started : 1k Orbitcoins with ghostlander, 10k Pawncoins with the Pawncoin team and 20k Bitstar with the Bitstar team.
06.05.14 - Swankington provided 1k Denarius to fund a Denarius dice game. (http://drs.altdice.net)
08.05.14 - We got 30.000 H5C to run a game with.
08.05.14 - Received 5.000 Limecoins for our partnership with the Limecoin Team.
15.05.14 - Got 7.000 more Denarius from Swankington to increase betting limits. The partnership is for 8.000 DRS now.
31.05.14 - May 2014 report (available here).
03.06.14 - 12,5k Latinumcoin Partnership with NetCastle has started.
16.06.14 - 3M Jackpotcoin from an anonymous partner received. Also we received 25k RUBY from the Ruby team to make a game.
01.07.14 - June 2014 report (available here)
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Archive (original post from September 2013) :
Hello everyone !
Well, I know I lack reputation and trust, but we have to start somewhere. I have a good investment offer to bring to you.

First, you need to know what's going on to understand why I need these funds. So here is the story :

I went out of the shadows when I announced an Infinitecoin dice game.
The url is : http://www.infinitedice.net
It is listed on infinitecoin.org (infinitecoin official website) and has good reviews on the IFC ANN thread here, on bitcointalk.org
The game runs pretty much like the previous versions of satoshi dice.
After 2 weeks, we had enough vision of how the game runs to fix the game engine. It now processes correctly every transaction. The game is in a stable version.
About the development, the next step will involve better graphics, and a best way to promote other coins on the dice game website.

Now, I am running http://infinitedice.net and http://altdice.net (I know this one is ugly but still better than error 404 on this url. the games are at http://ifc.altdice.net and http://zet.altdice.net Anyway we are soon doing better graphics ! As soon as I can assign some funds to this, we will do it.
On altdice, we can see the IFC version of the game (clone of infinitedice) and also a ZET version of the game, but I lack funds to run it with higher amounts.
I will soon get some ZET from someone to run the game.

I would like to have a first loan for 10 BTC, in order to get funds to add another altcoin.
I am open to any advices to choose an altcoin wisely. I am aware that these can change in value quickly.
Otherwise I will let you know before doing the exchange, of course.

Since I can't tell how well the site will work, I can't promise a % per week or month. But what I can promise is 50% of the site's profit during the period I repay you.

This is how it would work :
Someone lends me 10 BTC to run ftc.altdice.net (for example).
With these 10 BTC I can buy about 11000 FTC at current rate. Then I will set the max bet amount in a way to never run out of coins.
Every week (let's say every sunday) I can give you 50% of the site's profit. The other 50% will remain in the game and will accumulate.

When this accumulation will meet 10% of the amount I owe you (so 1BTC worth of FTC) I will take them out and repay you 10%. In addition of the 50% profits of the game.

In the end, you are going to have 100% of your money back, and along with this you will have 50% of the dice game profits during the loan time.
This offer stands for BTC. You can request the 50% profits in BTC or in the altcoin that was added with your funds.

You can of course request your money back anytime and I will retrieve the funds to send them back to you.
We will keep in touch with Skype.

Now a little more about me.
I'm an IT student. I can provide more info about my identity in PM, along with my phone number.
I am more likely known on the IFC forum, but I'm starting this altcoin dice game.
I have a good user review on bitmit.net where I sold an ASIC Jalapeno for 16 BTC.
I am trustworthy, I am willing to build a good reputation here and if this loan history could hurt me, I wouldn't do it.
I have so much more to lose if I steal 10BTC than if I'm serious and pay it back.

We can use this thread to monitor the loan.
Please feel free to PM me with any question.

I would be happy if this works out. :-)